Picture Credit: Insider Monkey || Isn’t Jamie Dimon handsome? Recently Jamie Dimon was interviewed by Bloomberg, and commented that companies should stop giving earnings guidance. This is out of character for me, but I will explain why companies should offer earnings guidance. (Why is it out of character? Previously I have said that I don’t personally care…
Western Digital just bought a bunch of memory cards. The storage giant just announced that it has agreed to buy SanDisk Corp for about $19 billion. This comes after speculation that SanDisk was shopping for a buyer. The deal values SanDisk at $86.50 a share, which is a 15% premium on the previous day’s…
While stocks surge ingloriously on the back of a credibility-less Fed (and hope that PBOC, ECB, BoJ will unleash QE-moar)… S&P 500 forward earnings expectations are down 15 days in a row – that is the longest losing streak since the financial crisis. In fact, S&P 500 earnings expectations are down over 2% year-over-year. …
Video Length: 00:05:01 Looking for the best value stocks? Tracey Ryniec, Stock Strategist at Zacks Investment Research, discusses two stocks that might be worth a closer look by value investors: Intel Corporation (INTC –Analyst Report) and Delta Air Lines, Inc. (DAL – Analyst Report). Both companies have forward P/Es well below the average of the S&P 500 of 17.9. They also…
Related Ticker: AMZN Amazon earnings for Q3 2015 are expected to be announced tomorrow (October 22). The focus will be on the prime day numbers and AWS financials. Expectations are sky-high, and sharp fluctuations in stock price are expected. Flickr Tech giant Amazon (AMZN) is expected to report its Q3 2015 earnings results tomorrow (Oct 22), after market close. Amazon had…
AUDUSD: The pair remains weak and vulnerable to the downside triggering further weakness during Wednesday trading session today. This is coming on the back of its failed recovery attempt on Tuesday. On the downside, support comes in at the 0.7197 level where a breach will aim at the 0.7150 level. Below that level will set…
Gold prices rose 0.5% on Tuesday, snapping a three-day losing streak, and settled at $1175.89 an ounce as a softer dollar lured investors back into the market. Yesterday’s U.S. data were mixed with building permits falling sharply in September but construction of new homes rising to the second-highest level in eight years. The precious metal…
After all the bad news on China I reported on Monday (and I was not alone), yesterday the Chinese stock market was on an upsurge. Bloomberg figures this is the result of a perception among investors there that the government is back to intervening to support stocks. Others expect another renminbi (people’s currency) devaluation. This is not…
There may not be many biotechs with positive cash flows out out there, but the 4th most profitable, Biogen (BIIB) (after Gilead GILD, Amgen AMGN and Shire SHPG), saw its shares halted moments ago ahead of reporting earnings, which were a blowout: the company reported Q3 EPS of $4.48, not only beating consensus of $3.77,…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.46%) are up +0.46% at a 2-month high and European stocks are up +0.65% on positive carryover from a rally in Japan’s Nikkei Stock Index which climbed to a 6-week high on speculation the BOJ may need to expand QE after Japan exports last month grew at…
